If you’re looking for a credit card that offers flexibility and convenience, you might want to consider the OCBC Cashflo Card with this OCBC Cashflo Card review.
This credit card is designed to help you manage your finances by allowing you to stretch your payments across 3 or 6 months with 0% interest. In addition, you can earn up to 1% cash rebate on all your spending, making it an excellent option for those who frequently use their credit card for their daily expenses.
The OCBC Cashflo Card is one of the most popular credit cards in Singapore, thanks to its unique features and benefits. With this card, you can enjoy a 2-year fee waiver, and subsequent years are waived with a minimum spend of S$10,000 p.a. Moreover, you can earn cash rebates on all your spending, which can help you save money in the long run. The 0% interest instalment plan is a great way to manage your finances and avoid accumulating debt.
Overall, the OCBC Cashflo Card is an excellent option for those who want to manage their finances and earn rewards simultaneously. With its flexible payment options, cash rebates, and other benefits, it’s no wonder why this credit card is so popular among Singaporeans.
Key Takeaways
- This credit card is designed to help you manage your finances by allowing you to stretch your payments across 3 or 6 months with 0% interest.
- You can earn up to 1% cash rebate on all your spending, making it an excellent option for those who frequently use their credit card for their daily expenses.
- The 0% interest instalment plan is a great way to manage your finances and avoid accumulating debt.
OCBC Cashflo Card Review: The Overview
Are you looking for a credit card that offers flexible repayment options? Look no further than the OCBC Cashflo Card! This card is designed to help you manage your finances better by giving you the choice to convert your big-ticket purchases into manageable monthly instalments.
This credit card is handy for those who need to make large purchases but prefer not to use their savings. With the OCBC Cashflo Card, you can enjoy 0% interest on your monthly instalments for up to 6 months. Plus, you can earn a flat rebate of 1% on your monthly spend of S$1,000 or more.
The OCBC Cashflo Card is a Mastercard, which means you can use it at millions of merchants worldwide. It also comes with various benefits, including exclusive discounts on dining, shopping, and entertainment. Additionally, you can enjoy complimentary travel insurance coverage when you charge your travel expenses to this card.
The OCBC Cashflo Card is an excellent choice for those who want more control over their finances. With its flexible repayment options, low-interest rates, and attractive rewards programme, this credit card is a great way to manage your expenses and save money at the same time.
OCBC Cashflo Card Review: Key Features and Benefits
If you’re looking for a credit card that offers flexible payment options, cash rebates, and exclusive privileges, the OCBC Cashflo Card is a great choice. Here are some of the key features and benefits that make this card stand out:
OCBC Cashflo Card Review: Automatic Instalment Plans
With the OCBC Cashflo Card, you can stretch out your payments over 3 or 6 months with 0% interest. This is especially useful for big purchases that you may not be able to pay off in one go. The Trigger scheme automatically splits payments into 3- or 6-month instalments at no extra cost. You can also earn rebates on payments made through the 0% Interest Instalment Plan with no processing fee.
OCBC Cashflo Card Review: Cash Rebates and Rewards
The OCBC Cashflo Card offers up to 1% cash rebate on all spend. You can enjoy a 1% flat rebate with a S$1,000 minimum spend (0.5% if below), capped at S$100/mo. You’ll also appreciate the 2% cash rebate on travel-related purchases if you’re a frequent traveller. You can also earn rewards points redeemed for cashback, vouchers, or air miles. The OCBC Titanium Rewards Card is one such card that offers rewards points for purchases made.
OCBC Cashflo Card Review: Exclusive OCBC Card Privileges
As an OCBC Cardholder, you can enjoy a range of exclusive privileges, such as discounts on dining, shopping, and travel. The OCBC 365 Credit Card, for example, offers cashback on dining, grocery shopping, and petrol. On the other hand, it provides cashback on online shopping and entertainment. The OCBC Titanium Card discounts travel and dining, while the OCBC Great Eastern Cashflo Credit Card offers discounts on your health insurance with Great Eastern.
To make the most of your OCBC Cashflo Card, ensure you meet the minimum spend threshold to enjoy the 2-year fee waiver, subsequent years waived with a. Spend S$10,000 p.a. With the 0% interest instalment plan and cash rebates, you can stretch your dollar further and make your purchases more affordable.
OCBC Cashflo Card Review: Eligibility and Application Process
Qualifying Criteria
To apply for the OCBC Cashflo Credit Card in Singapore, you must meet specific eligibility criteria. First, you must be a Singaporean or a Permanent Resident of Singapore, aged 21 years or older. Second, you must have an annual income of at least S$30,000 if you are a Singaporean or a Permanent Resident and at least S$45,000 if you are a foreigner. Third, you must not have any existing credit card or loan debts with OCBC Bank or any other bank.
OCBC Cashflo Card Review: Application Procedure
To apply for the OCBC Cashflo Credit Card, visit the OCBC Bank website or any OCBC Bank branch in Singapore. You can also apply through the MyInfo website, a government-run portal allowing you to apply for various services using your data. The application process is simple, and you can expect to receive a response within a few days.
During the application process, you must provide your details, including your name, address, contact details, and income. You will also need to provide supporting documents, such as your NRIC or passport, your latest payslip or income tax statement, and bank statements. If you apply through MyInfo, you will not need to provide these documents, as your data will be automatically retrieved from the government database.
Once your application is approved, you will receive your OCBC Cashflo Credit Card within a few days. You can then activate your card to make purchases and earn rebates. Note that a processing fee of 1% will be imposed for Great Eastern premiums charged under a 12-month instalment plan to your card.
OCBC Cashflo Card Review: Fees and Charges
If you’re considering the OCBC Cashflo Credit Card, it’s essential to understand its associated fees. Here’s what you need to know:
OCBC Cashflo Card Review: Understanding the Annual Fee
The OCBC Cashflo Credit Card has an annual fee of S$160.50, which is waived for the first two years. However, you can enjoy subsequent years’ waiver with a minimum spending of S$10,000 per annum. This makes the card an excellent option for those who plan to use it regularly.
Other Associated Costs
In addition to the annual fee, other costs are associated with the OCBC Cashflo Card. These include:
- Cash advance fee: 6% of the amount withdrawn or S$15, whichever is higher.
- Transaction fee: 0.8% of the transaction amount for foreign currency transactions.
- Late payment fee: S$100 if the minimum payment is not made by the due date.
- Overlimit fee: S$40 if the outstanding balance exceeds the credit limit.
- Interest charges: If you do not pay your balance in full monthly, you will incur interest charges at 26.88% per annum.
It’s important to note that the OCBC Cashflo Card does not charge a processing fee for its instalment plans, unlike other credit cards in Singapore. This makes it a great option if you’re looking to spread out the cost of your purchases without incurring additional fees.
While some costs are associated with the OCBC Cashflo Credit Card, it offers a range of benefits, including cash rebates on all spending and the ability to stretch payments across 3 or 6 months with 0% interest. Remember the fees when deciding, but don’t let them deter you from considering this card.
OCBC Cashflo Card Review: Managing Your Card
If you’re looking for a credit card that offers flexibility in managing your finances, the OCBC Cashflo Credit Card may be the perfect fit. With its unique payment plan, you can stretch your payments over 3 or 6 months with 0% interest, making it easier to manage your monthly spending and balance your budget.
OCBC Cashflo Card Review: OCBC Digital Platforms
Managing your OCBC Cashflo Credit Card is easy and convenient with the OCBC digital platforms. You can access your account information and view your transaction history through the OCBC Mobile Banking app or the OCBC Internet Banking portal. You can also use these platforms to pay bills, transfer funds, and manage your account settings.
OCBC Cashflo Card Review: Customer Support Services
It would be best if you had assistance with your OCBC Cashflo Credit Card; you can contact the OCBC customer support team through various channels. Call the OCBC 24-hour hotline, use the AXS station or visit any OCBC branch. You can also use the concierge service to help with travel arrangements, dining reservations, and other lifestyle needs.
The OCBC Cashflo Credit Card is an excellent option for those who want to manage their finances more effectively. With its flexible payment plan, digital platforms, and customer support services, you can easily stay on top of your spending and balance your budget.
OCBC Cashflo Card Review: Maximising Card Benefits
If you’re considering the OCBC Cashflo Card, you’re probably interested in getting the most out of its benefits. Here are some tips to help you maximise your card’s benefits.
Strategic Spending Habits
To maximise your cash rebates, it’s essential to be strategic with your spending. Use your OCBC Cashflo Card for retail purchases, dining, petrol, and online spending. Doing so can earn up to 1% cash rebate on all spending.
To get the most out of your card, aim to spend at least S$1,000 monthly. You can enjoy a flat rebate of 1% (0.5% if below) on your monthly spend.
Utilising Promotions and Offers
OCBC Cashflo Card offers a range of promotions and offers to help you save money. Take advantage of health and wellness offers, dining offers, and travel insurance to get the most out of your card.
If you’re looking for a hassle-free shopping card, OCBC Cashflo Card is the perfect solution. With its easy monthly instalments, you can enjoy worry-free shopping.
Watch for promotions and offers that can help you save money. For example, you can enjoy a 0% interest rate for 6 months when you stretch payments across 3 or 6 months.
The OCBC Cashflo Card is a great way to earn cash rebates on your spending. You can get the most out of your card by being strategic with your spending habits and taking advantage of promotions and offers.
OCBC Cashflo Card Review: Comparisons with Other Cards
OCBC vs DBS and UOB Cards
When comparing the OCBC Cashflo Credit Card with other cards in Singapore, two banks come to mind: DBS and UOB. DBS offers the Woman’s World Card, which gives you up to 10X DBS points (or 20 miles) per S$5 spent online shopping. However, the OCBC Cashflo Credit Card offers a flat 1% cash rebate on all spending, which is better if you don’t shop online frequently.
UOB, on the other hand, offers the UOB One Card, which gives you up to a 5% cash rebate on all spending, but only if you spend a minimum of S$2,000 per month for three consecutive months. If you don’t meet this minimum spend requirement, you’ll only earn a 3.33% cash rebate. The OCBC Cashflo Credit Card doesn’t have a minimum spend requirement, so you’ll earn a flat 1% cash rebate on all spending regardless of how much you spend.
OCBC vs Other Banks
If you’re looking for a travel credit card, the OCBC Titanium Rewards Credit Card is better than the OCBC Cashflo Credit Card. The Titanium Rewards Card gives you up to 4 miles per S$1 spent on travel-related expenses, while the Cashflo Credit Card only gives you a flat 1% cash rebate on all spending.
If you’re a millennial looking for a credit card that suits your lifestyle, the OCBC Frank Card is a better option. The Frank Card gives you up to a 6% cash rebate on online shopping, entertainment, and dining expenses. However, if you’re looking for a credit card that offers interest-free instalments, the Cashflo Credit Card is a better option.
Other banks in Singapore, such as Standard Chartered and CIMB, offer credit cards with benefits similar to the OCBC Cashflo Credit Card. For example, the Standard Chartered Unlimited Cashback Card offers a flat 1.5% cashback on all spending, while the CIMB Visa Infinite Card offers a flat 1% cashback on all spending. However, the OCBC Cashflo Credit Card provides the additional benefit of interest-free instalments, which can be helpful if you need to make a large purchase and want to spread out the payments over a few months.
OCBC Cashflo Card Review: User Experiences and Reviews
If you’re considering the OCBC Cashflo Credit Card for your financial needs, it’s always a good idea to see what other users say about it. After all, reading an article about the card is one thing, but it’s another to hear from people who have used it themselves.
Based on user reviews, the OCBC Cashflo Credit Card is a popular choice among Southeast Asian consumers. Many users appreciate the card’s instalment plan feature, which allows them to pay for large purchases over time without incurring high-interest rates. Additionally, users report that the card’s cashback rewards are a nice bonus, especially if you frequently spend more than you can afford.
However, some users note that the card’s rewards program could be more generous, with some saying that the 0.5%-1% rebate is very low. Additionally, some users report that the card’s customer service could be improved, with long wait times and unhelpful representatives cited as everyday issues.
Despite these minor drawbacks, the OCBC Cashflo Credit Card remains popular among Southeast Asian consumers. With the backing of the Oversea-Chinese Banking Corporation, one of the region’s leading financial services groups with a market capitalization of SGT 45.3 billion, the card is a reliable choice for those seeking specialist financial and wealth management services.
Overall, if you’re looking for a credit card that offers an instalment plan feature and cashback rewards, the OCBC Cashflo Credit Card is worth considering. However, reading user reviews and research before making a final decision is always a good idea.
OCBC Cashflo Card Review: Additional Services and Features
The OCBC Cashflo Credit Card offers additional services and features to enhance your overall experience. Here are some of the key benefits you can enjoy:
Travel Perks
If you’re a frequent traveller, you’ll be pleased to know that the OCBC Cashflo Credit Card offers a range of travel perks to make your journeys more comfortable and enjoyable. For instance, complimentary Priority Pass membership allows you to enjoy airport lounge access at over 1000 lounges worldwide.
Additionally, you’ll be covered by complimentary travel insurance when you charge your travel expenses to your OCBC Cashflo Credit Card. This includes coverage for travel inconveniences, medical emergencies, and personal accidents.
Lifestyle Benefits
The OCBC Cashflo Credit Card also offers a range of lifestyle benefits to suit your needs. For instance, you can enjoy dining privileges at selected restaurants and cafes in Singapore.
You can also access a 24-hour concierge service to assist you with various lifestyle needs, such as booking event tickets or making restaurant reservations. Furthermore, you can enjoy e-commerce protection when you shop online, which protects you against fraudulent transactions.
The OCBC Cashflo Credit Card offers additional services and features that can enhance your overall experience. Whether you’re looking for travel perks, dining privileges, or lifestyle benefits, you can find them all with this card. So why not apply for the OCBC Cashflo Credit Card today and enjoy all these exciting benefits?
OCBC Cashflo Card Review: Conclusion
Congratulations! You have made it to the end of our OCBC Cashflo Credit Card review. We hope this review has helped give you a better understanding of the card’s features, benefits, and drawbacks.
To recap, the OCBC Cashflo Credit Card is an excellent choice for those looking for a credit card offering a 0% interest instalment plan with no processing fee. The card also automatically splits payments, which earn rebates and come with a fee waiver of S$10,000 annual spend.
However, it’s important to note that the card only offers a 0.5% rebate for spending below the S$1,000 minimum and has few additional benefits or perks. Therefore, it may not be the best choice for those looking for a credit card that offers a wide range of rewards and benefits.
The OCBC Cashflo Credit Card is an excellent option for those who want to manage their finances effectively and avoid interest charges. If you’re looking for a credit card offering a 0% interest instalment plan, this card is worth considering.
Frequently Asked Questions
How can the OCBC Cashflo Card make your shopping sprees more exhilarating with its instalment plans?
The OCBC Cashflo Card is designed to allow you to make purchases without worrying about the entire payment upfront. With its 0% interest instalment plans, you can spread your payments over time, making your shopping experience more manageable and enjoyable.
You can split your payments into 3, 6, or 12 months depending on your needs. Plus, with no processing fees, you can save even more.
What’s the thrill of the minimum spend for triggering instalments on the OCBC Cashflo Card?
To enjoy the instalment plans, you must meet the minimum spending requirement of S$100. This may seem daunting initially, but it’s pretty easy to achieve. With the OCBC Cashflo Card, you can earn rebates on your spending, which can be used to offset your future purchases.
So, the more you spend, the more rebates you make, and the easier it is to meet the minimum spend requirement.
Which OCBC credit card should you snag for the most rewarding experience?
If you’re looking for a credit card that offers excellent rewards and benefits, the OCBC 365 Credit Card is a great choice. This card has something for everyone with cashback on dining, groceries, and petrol, as well as discounts on entertainment and travel.
Plus, with no annual fee for the first two years, you can enjoy the perks without worrying about hidden costs.
Are there any annual fee surprises with the OCBC Cashflo Card, and how can you dodge them?
The OCBC Cashflo Card has an annual fee of S$160. However, you can easily avoid this fee by spending at least S$10,000 per year on the card.
The first year’s annual fee is waived to enjoy the card’s benefits without any upfront costs.
How does the OCBC Cashflo Platinum Card elevate your spending game?
The OCBC Cashflo Platinum Card takes your shopping experience to the next level with its exclusive privileges and benefits. A higher credit limit allows you to make more significant purchases and enjoy even more instalment options.
Plus, with access to upscale dining and lifestyle deals, you can enjoy the finer things in life without breaking the bank.
In a showdown between OCBC Cashflo and NXT Cards, which emerges as the champion for savvy spenders?
While both cards offer excellent benefits and rewards, the OCBC Cashflo Card is the clear winner for savvy spenders. With its 0% interest instalment plans and cashback rebates, you can enjoy your shopping sprees without worrying about hidden costs.
Plus, with no annual fee for the first year, you can try out the card without any upfront costs.
